When looking for an area to invest in London, there’s several areas that have been growing and reinventing themselves lately at rapid speeds. One such area is Islington, North London.
Within easy proximity to Central London, Islington is a great prospect for property investment right now. With industry hubs growing nearby and lots of property development in recent years, the area is about to peak. Below, find out more about what makes Islington such an attractive prospect right now.
1. Investment and Growth
Many businesses have moved into the Kings Cross area in recent years, including Facebook, Google and Amazon. With these new businesses comes a need for property nearby, especially with the area’s great links into Europe on the Eurostar. As the area has grown in popularity, many new build developments have started to be built and new amenities planned, in order to cater for the influx in residents. Now is a brilliant time to buy here, before these developments are complete and prices grow.
The five best rental yields in the borough of Islington are 4.4% at Kings Cross, 4.1% in Lower Holloway, 4% around Hoxton and 3.8% near Archway.
2. Social Life
Islington is a vibrant and busy area, full of trendy bars and cafes for its residents. Upper Street and Camden Passage lead as the most popular shopping areas here. With a mixture of chain and independent shops, your shopping needs are covered and there’s plenty of street markets which bring the culture of this area alive for residents here.
If you want to escape the bustle, Highbury Fields and the Regent’s Canal offer an easy escape and you can wander along the canal all the way into Hackney on a nice day. There’s also plenty of theatres and comedy clubs and cosy beer gardens to park yourself for the weekend.
3. Types of properties
Islington has been home to many famous faces, such as Colin Firth, Tony Blair, Lily Allen and Boris Johnson – confirming its popularity as a peaceful and pleasant area with a neighbourhood feeling. Although properties here were traditionally Georgian and early Victorian terraces, during The Blitz much of the area was affected. This has paved the way for some innovative modern architecture since though, and most recently many new developments of flats. The area is also home to the old Arsenal ground, which has been renovated into flats, whilst still retaining two of the original Grade II Listed stands.
Some great properties Portico have for sale in the borough are this one bedroom flat on Pentonville Road, this two bedroom flat in Highbury Stadium Square and this four bedroom house in Holloway.
Islington is in a fantastic location for travelling into and around London. The Victoria, Piccadilly and Overground lines will drop you in the heart of the area but you could easily walk to Kings Cross in around half an hour. From its position in North London, you can get a train out to Luton Airport pretty easily and Kings Cross St Pancras will have you in Paris in two hours.
5. Property Prices
Property prices in Islington are cheaper than its neighbours. Average property prices sit at £770,674 which is cheaper than nearby Canonbury, which is £1,018,639, and Barnsbury, which is £916,700 according to Rightmove data. Last year most property sales in Islington were for flats, which sold for on average £577,807. Sold prices in Islington are up 4% on 2015 but despite low growth, there are still some great hotspots offering good rental yields in Islington.
To explore the properties we have for sale in this area, click here now. You can also explore our auto-updating Yield Map to keep on top of yields by area around London now.
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